Author Archive: Bruce Robertson

Energy Finance Analyst – Gas/LNG, Bruce Robertson has been an investment analyst, fund manager and professional investor for over 36 years. He has worked with Perpetual Trustees, UBS, Nippon Life Insurance and BT. He has appeared as an expert witness before a number of government enquiries into energy issues.

IEEFA Australia: It was a gas while it lasted but the love affair is over

It’s past time to move on from gas as a fuel source in Victoria

Victoria has had a long and enduring love affair with gas. Fossil gas has been used to heat Victorian homes and cook meals since the days when the Bass Strait produced a cheap and plentiful supply. And the State is currently assessing whether it will be the first in Australia to approve an expensive LNG […]

November 17, 2020 Read More →

IEEFA update: Australia’s gas-led recovery is flogging a dead horse

With LNG worse for the climate than coal, Australia must adjust to our export markets shrinking

With polluting emissions from LNG 13% higher than gas, and Australia’s primary export destinations targeting net zero emissions and therefore less dirty LNG, Australia’s gas-led recovery is looking increasingly like the Australian government is ‘flogging a dead horse’. Australia’s core export markets for LNG, coal and iron ore – Japan, South Korea and China – […]

November 3, 2020 Read More →

IEEFA Australia: As our export partners pull out, Origin and Inpex keep kicking the gas can down the road

Japan will cease to be a major buyer of Northern Territory gas

Ask anyone in business what the first rule of thumb is and they’ll tell you straight: you have to listen to what your customers want. Simple, right? But that’s exactly what two of the biggest names in the Northern Territory gas industry, Origin and Inpex, are failing to do. They’re pushing to open up huge […]

October 28, 2020 Read More →

IEEFA Australia: Origin Energy is not facing the past nor the future

Origins AGM highlights the troubled past and uncertain future of Australia’s LNG industry

Origin Energy’s annual general meeting last week (20 October 2020) highlights the appalling share price performance of the Australian energy company over the last decade. Investors have lost 69% in shareholder value at a time when the market was rising. Well may Gordon Cairns, the outgoing chairman, lament that Origin’s share price does not reflect […]

October 26, 2020 Read More →

IEEFA: What Australia can learn from Texas’ embrace of clean energy

In the home of U.S. oil and gas, private investors are pouring money into renewables

19 October 2020 (IEEFA Australia): The Australian government’s plan for a gas-fired economic recovery from COVID-19 ignores the market’s clear preference for renewables over fossil fuels. That’s the conclusion of a new note from the Institute for Energy Economics and Financial Analysis (IEEFA) that argues Australia could learn from the experience of U.S. oil and […]

IEEFA Australia: Gas and electricity prices will rise if Narrabri gas fields approved

29 September 2020 (IEEFA): Australian gas consumers will likely see higher, rather than lower gas prices if Santos’ Narrabri gas fields are approved due to the distance the gas must travel to reach consumers on infrastructure that will need to be built. Gas/LNG financial analyst Bruce Robertson concludes the proposed Narrabri gas fields are uneconomic […]

IEEFA podcast Australia: Why Gas?

The Australian government’s new gas announcements are flogging a dead horse

This podcast was produced by ABC Signal. Listen here. The Australian government is pitching gas as the economic and energy solution, but not everyone is on board. Last week Prime Minister Scott Morrison gave the energy sector an ultimatum: if the sector can’t come up with a plan for an extra 1000 megawatts of energy […]

September 22, 2020 Read More →

IEEFA op-ed: When investors won’t back gas, why should taxpayers?

Overproduction has led to higher prices and lower consumption in Australia

With their announcement this week of subsidies for a major new gas plant in the Hunter Valley, Prime Minister Scott Morrison and Energy Minister Angus Taylor have made it clear: whatever the roadmap, there’s only one destination – gas. It is dressed up as a measure for job creation, cheaper gas for consumers and energy […]

September 16, 2020 Read More →

IEEFA: Grid scale battery costs have reached a tipping point

More battery storage equals less gas

Batteries are usurping the role of gas in the power system. Grid scale battery usage is increasing rapidly, and battery cost deflation is faster than wind or solar.  Gas companies are finally starting to see this transition, and to act. AGL Energy, a company whose very name is synonymous with the gas industry and who […]

September 4, 2020 Read More →

IEEFA Australia: COVID-19 Advisory Board wants government to subsidise failing gas industry

Gas usage for gas powered generation has declined by 58% since 2014

28 August 2020 (IEEFA Australia): Proposals for providing long term subsidies to the flailing gas industry have the potential to cause significant long-term economic damage to Australia, finds a new report by energy thinktank, the Institute for Energy Economics and Financial Analysis (IEEFA). The National COVID-19 Commission (Advisory Board) (NCC) led by Western Australian gas […]